World Liberty Financial (WLF), a cryptocurrency company backed by former U.S. President Donald Trump, has launched its stablecoin USD1 on the BNB Chain. While there has been no official announcement from WLF itself, the launch gained significant attention after Changpeng Zhao (CZ), former CEO of Binance, shared the link to the token on social media.
Market Context: A New Era for Stablecoins
The launch of USD1 coincides with the ongoing GENIUS Act deliberations in the U.S. Senate. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, designed to create a legal framework for stablecoins, was approved by the Senate Banking Committee on March 13, 2025. It is expected to reach a full vote soon. Bo Hines, CEO of the Presidential Advisory Council on Digital Assets, predicts that the GENIUS Act will make its way to President Trump’s desk by June, paving the way for new regulatory measures in the cryptocurrency space.
Details About the USD1 Stablecoin
USD1 is a stablecoin designed to maintain a stable value by being pegged to the U.S. dollar. It is positioned to compete with established stablecoins like Tether (USDT) and USD Coin (USDC).
At present, USD1 is available on both the BNB Chain and Ethereum. However, World Liberty Financial has not provided official documentation detailing how the stablecoin is managed or backed by real-world assets. Additionally, WLF stated that USD1 is “not yet tradable at this time.”
According to BscScan, the USD1 smart contract was deployed approximately 20 days ago, with over 10,000 transactions recorded so far.
Rumors surrounding the launch suggest that the Trump family has been in negotiations with Binance to acquire shares in the exchange, along with potential discussions regarding a presidential pardon for Changpeng Zhao. However, CZ has denied any such agreements between Binance.US and Trump.
About World Liberty Financial (WLF)
Founded in September 2024, World Liberty Financial (WLF) aims to provide decentralized financial services (DeFi), including lending and investment solutions on popular blockchains like Ethereum and Solana.
The token distribution for WLF is as follows:
- 63% allocated for public sales
- 17% for user rewards and community incentives
- 20% reserved for the founding team and advisors
This allocation has raised concerns among investors, as a substantial portiond Binance remains a controversial topic.
This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before participating in any cryptocurrency project, especially those involving political and regulatory risks.
